On the first day of its fiscal year, the Albany Symphony, a nonprofit organization, borrowed $500,000 on a ten-year mortgage to finance repairs to its rehearsal space. The loan carried an annual interest rate of 6% with annual, in-arrears, payments of $67,933.98.

a. What would the Symphony’s interest expense for the year be?

b. How much of the loan would be recorded as a current liability(short-term liability) on the day the loan was funded?

c. How much of the loan would be recorded as a long-term liability on the day the loan was funded?

회계년도 첫날 10년 모기지에 50만달러를 빌림. 연리6% 체납불은 67,933.$

a. 매년 지불해야할 이자비용은 얼마인가?

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